One of Waiheke Island’s most storied properties has hit the open market for the first time in forty-five years, and it’s already capturing international attention.

New Zealand has postponed changes to its foreign home-buyer rules, delaying legislation that would allow holders of the Active Investor Visa Plus (AIP) to purchase or build homes valued at more than NZ $5 million (about US $2.8 million).

Ray White New Zealand scheduled 128 properties to go under the hammer last week, with a clearance rate of 51.7 per cent.